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$370,000

NAL Estimated Property Value

642 Lcr 402, Groesbeck, TX, 76642

$381,651 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,176 Sq Ft
price_per_sqft$73.07 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Dryer, Gas Cooktop, Convection Oven, Plumbed For Ice Maker, Washer
FlooringConcrete, Laminate, Other

Exterior

Lot Size4 acres

Building Information

Year Built1996
Garage Spaces2

Land Information

APNR12050
Land UseResidential
Legal DescriptionA029G A VARELA-GROESBECK, ACRES 4
Census Tract970600
Assessed Land Value$36,100
Assessed Improvement Value$190,000
Assessment Year2024

About this property

Selling this custom home AS-IS with 4 Acres that will need a new survey. Home was originally built by an engineer in 1996. Home is structurally sound with slab foundation and brick construction. Home has not been updated since original build year of 1996 seller understands that their will need cosmetic updates. Wonderful opportunity to live on the border Groesbeck and Mexia, TX. Groesbeck ISD. Old Fort Parker is walking distance along with Lake Limestone, perfect for any family looking for a remodel opportunity to be in close proximity to natural wonders of Limestone County and Groesbeck ISD. Seller is willing to negotiate more acreage if buyer needs more land.

Investor Tools

Property Icon
$370,000
Estimated Property Value
$155,082Estimated Mortgage Balance
$214,918Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$381,651
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$482/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,940
$226,100
2024
$36,100
$190,000
$226,100
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,940
$226,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Fha
$176,739
Yes
First
Feb 3, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,082
$214,918
58%
42%
$1,060/mo

City: Groesbeck

642 Lcr 402 | Property Details | No Agent List